Showing posts with label ABSA Auction. Show all posts
Showing posts with label ABSA Auction. Show all posts

Thursday, March 12, 2026

The Bank Auction Edge: Why Smart Buyers Are Skipping Dealerships for ABSA’s Boksburg Sale This Weekend

The Bank Auction Edge: Why Smart Buyers Are Skipping Dealerships for ABSA’s Boksburg Sale This Weekend
absa auction



In South Africa’s used-car scene right now, where sales are climbing steadily, interest rates are easing, and buyers are laser-focused on real value, the old dealership grind is losing its shine. 
High mark-ups, drawn-out haggling, and cookie-cutter finance deals? Not always the smartest play. Instead, savvy drivers are turning to bank repossession auctions, where quality late-model stock moves quickly and affordably.
This coming Monday and Tuesday (16–17 March 2026), ABSA Bank teams up with Tirhani Auctioneers, a trusted name in the industry since 2001, known for seamless, transparent online auctions across the country.
The lineup? Over 200 vehicles, covering the full spectrum: budget-friendly “cheapies” for first-timers, rugged workhorse bakkies, spacious family SUVs, dependable sedans, and a decent selection of late-model luxury options. Plenty of these are recent examples with impressively low mileage, the sort of clean, well-maintained units that rarely linger on dealer lots before vanishing.
The real game-changer for finance-needy buyers: If you’re pre-approved through Auction Finance, you can register to bid without the usual auctioneer’s registration deposit. That removes a major hurdle, letting you jump straight into the action when a gem appears.
Viewing is easy and hands-on:
  • Monday 16 March: 08h00 – 16h00
  • Tuesday 17 March: 08h00 – 10h00
Venues: ABSA Trade Centre (8 Top Road and 13 Top Road, Boksburg) and Tirhani Auctioneers (194 Main Road, Anderbolt, Boksburg).
The online bidding kicks off at 11h00 on Monday with rapid cascade closing: one lot every 15 seconds, plus a 15-second auto-extend on bids. It’s fast-paced, transparent, and keeps the momentum electric without the chaos of a physical saleroom.
Bank finance is available right through the process, and pre-approved clients enjoy that smooth, deposit-free registration edge.
If you’re hunting a modern, reliable vehicle without the showroom premium, and you’ve got (or can get) finance sorted, this is the weekend the prepared buyer comes out ahead. Late-model, low-km options at prices that actually reflect market realities, all facilitated by pros like Tirhani Auctioneers.
For finance arrangements, reach out to Leatitia Jansen van Rensburg on +27 82 960 9506 or via the quick link: https://typecard.com/7846f51b (Authorised FSP 34936).
Full catalogue, photos, registration, and live bidding:
https://www.tirhani.co.za/auctions/detail/bw133032

In 2026, the sharpest motoring deals aren’t always on forecourts. They’re often right here, at a well-run bank auction made effortless by a reliable partner.What’s your must-have auction find this time: a tough bakkie, a luxury treat, or something practical? Share below and let’s talk strategy!

Monday, July 14, 2025

Second Chances, First-Class Cars: The Unexpected Joy of Buying at Auction

ABSA’s Upcoming Gqeberha Auction Might Just Change the Way You Think About Buying a Vehicle

By Auction Finance Insider



In a world where dealerships push balloon payments and private sellers disappear with your deposit, there’s something surprisingly refreshing , even thrilling about buying a car at auction.

And not just any auction.

This Thursday, 17 July, ABSA Bank is hosting a genuine bank repossessed vehicle auction in Gqeberha (PE), offering a line-up that would make even the savviest car buyer raise an eyebrow. Over 150 vehicles — from late-model hatchbacks to nearly-new bakkies, will be available online, live via webcast, and it’s the kind of event that rewards those who know how to spot value where others only see risk.

But is buying at auction risky? Or is it just misunderstood?

What the Dealerships Don’t Want You to Know

The vehicles going under the hammer aren’t lemons or leftovers. They’re repossessed, yes — but often for reasons that have nothing to do with mechanical faults. In fact, a quick glance at the catalogue reveals some eye-watering gems:

  • 2022 VW Polo TSI Life – just 6,122km

  • 2023 Renault Kiger – under 33,000km

  • 2024 VW Polo Vivo – only 11,242km (barely out of its plastic!)

  • 2022 Ford Ranger Wildtrak Bi-Turbo – prime bakkie, low mileage

  • Peugeot, Nissan, Kia, Toyota, Isuzu — all 2020+ models, many with mileage under 50,000km

Forget the cliché of auctions being the last resort for desperate buyers. This is a smart buyer’s playground — especially for those who come prepared.

The Secret Weapon: Pre-Approved Auction Finance

Let’s be honest: cash buyers are rare these days. And waiting for a bank to process your loan after the hammer drops? That’s a guaranteed way to lose your bid.

That’s why pre-approved finance has become the new norm for serious auction-goers. 

The Human Side of the Hammer

There’s something strangely beautiful about watching a vehicle roll across a digital auction block. It’s not just a transaction; it’s a second chance. For the car. For the buyer. And sometimes, for the seller too.

In Gqeberha, that story plays out not just in front of a screen, but at 142 Burman Road, Deal Party — where you can view the vehicles in person on Tuesday 15 and Wednesday 16 July, from 09:00 to 15:00.

Come prepared. Come curious. And come knowing that ABSA’s auction platform is one of the most trusted in the game.


Ready to Take the Driver’s Seat?

Secure pre-approved finance and take control of the bidding before it even begins.

📞 Contact Nicol Palmer (F&I Manager) on 061 521 7518
📧 Email: nicol@auctionfinance.co.za
🌐 Or apply online at www.auctionfinance.co.za
Auth. FSP34936


Auction starts: Thursday, 17 July at 10:00 via Webcast
Register before: 09:00 Thursday
Auction link: Park Village Auctions


PRE-LIMINARY LIST:

2020 Audi A3 1.4T FSI S - 157,344km

2015 Audi A5 Sportback 2.0 TDI Multi - 183,617km

2013 Audi A3 1.4T FSI S - 242,130km

 

2020 BMW 118i Sportline AT F40 - 77,907km

2016 BMW X5 XDrive30D M-Sport AT F15 - 227,392km

2017 BMW 318i AT F30 - 102,528km

 

2016 Chevrolet Captiva 2.4 LT AT - 186,028km

2008 Chevrolet Captiva 2.4 LT - 254,823km

2015 Chevrolet Utility 1.4 AC PU - 1km

 

2021 Ford Ranger 2.2TDCI XL PU DC - 161,742km

2020 Ford Ranger 2.0D Bi-Turbo Wildtrak AT PU DC - 39,384km

2019 Ford Ranger 3.2TDCI Wildtrak AT PU DC - 126,927km

2022 Ford Ranger 2.0D Bi-Turbo Stormtrak 4x4 AT PU DC - 107,317km

2015 Ford Ranger 2.2TDCI XL PU SC - 205,338km

2013 Ford Ranger 3.2TDCI XLS PU Supcab - 229,108km

2018 Ford Ranger 2.2TDCI LR PU SC - 274,492km

2019 Ford Everest 3.2 TDCI XLT 4x4 AT - 66,250km

2021 Ford Figo 1.5TI VCT Ambiente 5DR - 47,905km

2019 Ford Figo 1.5TI VCT Ambiente - 270,135km

2022 Ford Ecosport 1.5TIVCT Ambiente - 59,655km

2021 Ford Ecosport 1.5TIVCT Ambiente - 40,060km

 

2018 Hyundai I20 1.2 Motion - 96,677km

2020 Hyundai Grand I10 1.0 Fluid - 72,344km

2019 Hyundai Atos 1.1 Motion - 33,590km

2016 Hyundai Grand I10 1.25 Fluid - 139,483km

2019 Hyundai Grand I10 1.0 Motion - 111,651km

2011 Hyundai I20 1.6 - 1km

2013 Hyundai Elantra 1.8 GLS Executive - 1km

 

2020 Isuzu D-Max 250 HO Hi-Ride 4x4 DC PU - 179,316km

2020 Isuzu D-Max 250 HO Fleetside Safety SC PU - 156,849km

2019 Isuzu D-Max 250C Fleetside SC PU - 218,138km

2022 Isuzu D-Max 3.0 DDI LSE AT DC PU - 41,367km

2022 Isuzu D-Max 250 HO Fleetside SC PU - 134,934km

2016 Isuzu KB300 D-TEQ LX 4x4 PU SC - 245,887km

2014 Isuzu KB 250D Leed PU SC - 0km

2013 Isuzu KB250D LWB PU SC - 216,277km

 

2020 Kia Seltos 1.5D EX AT - 119,640km

2022 Kia Rio 1.2 LS 5DR - 58,548km

2022 Kia Seltos 1.4T DCT GT-Line - 37,444km

 

2021 Mazda CX-3 2.0 Active AT - 187,545km

2021 Mazda CX-3 2.0 Active AT - 84,505km

 

2019 Mahindra Pik Up 2.2 Mhawk S4 PU SC - 49,461km

2021 Mahindra KUV 100 1.2 K2 Dare - 26,509km

 

2016 Nissan Navara 2.5DDTI SE DC PU - 69,722km

2020 Nissan Navara 2.3D LE AT DC PU - 132,326km

2021 Nissan NP200 1.5 DCI AC Safety Pack PU SC - 155,884km

2016 Nissan Qashqai 1.2T Acenta CVT Tech - 154,500km

2014 Nissan Qashqai 1.2T Visia - 169,973km

 

2023 Renault Kiger 1.0T Intens - 33,167km

2020 Renault Clio IV 900T Authentique 5DR 66KW - 103,864km

2019 Renault Captur 900T Dynamique 5DR 66KW - 130,046km

2022 Renault Triber 1.0 Dynamique Zen - 61,320km

2023 Renault Triber 1.0 Dynamique Zen - 120,264km

2022 Renault Kwid 1.0 Expression Life 5DR - 67,270km

2019 Renault Kwid 1.0 Climber 5DR - 105,482km

2021 Renault Kwid 1.0 Dynamique Zen 5DR AMT - 22,282km

 

2021 Volkswagen Polo Vivo 1.4 Trendline 5DR - 175,924km

2022 Volkswagen Polo Vivo 1.4 Comfortline 5DR - 31,566km

2021 Volkswagen Polo 1.0 TSI Trendline - 111,652km

2022 Volkswagen Polo 1.0 TSI Life - 6,122km

2020 Volkswagen Polo Vivo 1.4 Comfortline 5DR - 120,746km

2018 Volkswagen Polo Vivo 1.6 Highline 5DR - 96,885km

2017 Volkswagen Polo Vivo GP 1.4 Conceptline 5DR - 215,956km

2016 Volkswagen Polo Vivo GP 1.4 Trendline 5DR - 273,026km

2015 Volkswagen Polo GP 1.2 TSI Trendline 66KW - 102,442km

2015 Volkswagen Polo GP 1.2 TSI Comfortline 66KW - 266,866km

2014 Volkswagen Polo Vivo 1.4 Trendline 5DR - 223,739km

2012 Volkswagen Polo Vivo 1.6 Trendline 5DR - 226,719km

2011 Volkswagen Polo 1.2 TDI Bluemotion 5DR - 175,747km

2021 Volkswagen Amarok 3.0TDI H-Line 190KW 4MOT AT DC PU - 98,991km

 

2019 Volvo XC40 T3 Momentum - 181,601km

2014 Volvo FMX 4 440 6x4 Sleep Hred TT CC - 1,024,042km



Sunday, July 13, 2025

What Kind of Car Can You Really Get at a Bank Auction? Durban’s ABSA Repo Event Might Surprise You.

You’ve heard about bank vehicle auctions. But what kind of cars actually go on the block? Be prepared to be surprised.

ABSA’s upcoming repossessed vehicle auction in Durban on 16 July features over 200 genuine bank vehicles, and this isn’t your average lineup. From nearly-new SUVs and bakkies to performance sedans, family hatchbacks and even rare gems, this sale has it all, at prices well below market.

Let’s pull back the curtain and show you what you can actually bid on and more importantly, how to finance it like a pro.

2023 FORD MUSTANG CALIFORNIA SPECIAL 5.0 GT AT (ODO : 23777)



The Real Stars of This Auction

Here are just a few of the late-model, low-mileage standouts going under the hammer:

  • 2024 Hyundai Staria 2.2D Multicab – Just 3,126 km, a dream MPV for business or lifestyle.

  • 2023 Ford Mustang GT California Special – Only 23,777 km on this muscle icon.

  • 2023 Alfa Romeo Tonale Hybrid – A sleek, premium SUV with just 6,753 km.

  • 2023 Toyota Corolla Cross 1.8 Xi – South Africa’s favorite SUV under 30,000 km.

  • 2024 Renault Kwid 1.0 Expression – Budget-friendly, compact, and only 23,475 km.

  • 2023 Ford Ranger 2.0D XLT 4x4 – Rugged double cab with just 32,343 km on the clock.

Whether you’re looking for resale stock, a second car, a fuel saver, or that “forever vehicle” , this auction delivers options.


These Are Not Auction Leftovers

This isn’t the scrapyard selection. These are repossessed ABSA Bank vehicles, many still under warranty, with clear histories and real market value. You’re buying direct from the bank, no markups, no middlemen.


Why Durban Buyers Shouldn’t Miss This

Hosted at Park Village Auctions’ Bank Asset Disposal Centre in River Horse Estate, the venue is clean, central, and staffed by professionals who know how to help real buyers. It’s the kind of place where deals get done.

Bonus? Massive variety, one roof, one day. 217 lots including sedans, hatchbacks, SUVs, bakkies, combis, and rare body types. Many under 2 years old. Many under 50,000 km.


Finance Is the Smart Way to Bid

Don’t come unprepared. You’re not just competing against other buyers — you’re competing against buyers with finance in place.

That’s where Auction Finance steps in.

✅ Secure pre-approval before auction day
✅ We know the process, we guide you through it
✅ Fast, no-nonsense support from someone who speaks your language

📞 Contact Dineshni Naidoo on +27 83 381 2303
or visit www.auctionfinance.co.za to apply.
💼 Digital Business Card

Authorised FSP34936


⚠️ Important Auction Info

  • Auction Date: Wednesday, 16 July 2025 (Bidding starts 10am)

  • Type: Webcast (Online bidding only)

  • Viewings: Mon 14 & Tue 15 July, 09:00–15:00

  • Location: Park Village Auctions Bank Asset Disposal Centre, River Horse Estate, Durban

  • Over 200 Vehicles | Repossessed | Variety like nowhere else - See cars


So... What Kind of Car Can You Get?

Turns out, a really good one.

But only if you’re ready when the bidding starts.

Secure your finance today, and shop the ABSA Auction like a pro.


🔗 Get Pre-Approved Finance Now »

Thursday, June 5, 2025

From Pre-Approval to Sold! Inside the ABSA PE Auction with Nicol from Auction Finance

 


The ABSA Passenger & Commercial Vehicle Auction is landing in Gqeberha on 12 June 2025, and buyers are already circling quality stock—from SUVs and sedans to trucks, trailers, and even yellow metal equipment. But before the first bid is placed, smart buyers are already speaking to Nicol Palmer, one of Auction Finance’s seasoned F&I consultants, to get pre-approved and ready to roll.

We asked Nicol to share what buyers need to know before auction day, and why getting your finance sorted upfront is a non-negotiable.

Nicol Palmer - F&I Auction Finance



📝 What’s the first step to securing finance at an auction?

According to Nicol, it all starts with a completed application and the right supporting documents. The requirements vary slightly between private buyers and businesses, but the goal is the same: get a clear picture of your financial profile before the bidding begins.

For private buyers:

  • Completed and signed application form

  • SA ID and valid driver’s licence

  • Proof of address (credit provider statement, not older than 3 months)

  • 3 months’ bank statements (6 months if self-employed)

  • 3 months’ payslips

  • Proof of additional income (if applicable)

For businesses:

  • Completed juristic application + director applications

  • Company registration docs (CK/PTY)

  • 6 months’ bank statements

  • Audited financials or up-to-date management accounts

  • Proof of address (for the company and all directors)


💡 Why does pre-approval matter?

“Bidding without finance in place is risky,” Nicol warns. “Buyers often assume their credit is perfect, but things can go sideways quickly. If your bid is successful but the bank declines your finance—or offers a poor rate—you only have 48 hours to pay, or you’ll lose your registration deposit and be blacklisted from future auctions.”

That’s why Auction Finance helps clients apply in advance, giving them a realistic approval amount, clarity on rates, and peace of mind to bid with confidence.


🚛 What kind of vehicles are on offer?

Buyers can expect a wide range of assets at this auction:

  • Popular cars and SUVs

  • High-end models

  • Commercial vehicles (trucks, trailers, bakkies)

  • Agricultural equipment and yellow metal

  • Even buses and non-runners (note: non-runners can’t be financed traditionally, but Auction Finance can assist with personal loans if needed)


🔧 How does Auction Finance tailor finance for each buyer?

“No two buyers are the same,” Nicol explains. “We take time to understand your needs—whether you're a private buyer, a fleet manager, or a small business. We also offer value-added products like warranties, insurance, and deposit protectors. We don’t just secure finance—we set you up for success long after the auction.”


💼 Why choose Auction Finance?

Nicol doesn’t hold back: “There’s no one else quite like us.”

Auction Finance works with all four major banks—ABSA, Standard Bank, WesBank, MFC—as well as a panel of 13 private funders. That means clients can compare offers and choose the best one for their needs.

“If it has a VIN or engine number, we can finance it. We’re what I like to call the hybrid of finance,” says Nicol. “You get options, support, and a team that genuinely cares.”


⏱️ How long does approval take?

If you’re a private buyer with your documents ready, approval can happen the same day. For companies, it usually takes up to 48 hours, since the vetting process is more complex.

So don’t wait for auction day—get everything in order now.


❓ What advice would you give to first-time bidders?

“Don’t let auction fever get to you,” Nicol laughs. “Stay cool, set your limits, and attend the viewing days to inspect the vehicles properly. The more prepared you are, the better your experience will be.”


👥 How does Auction Finance support buyers on the day?

On-site support in the Eastern Cape is hands-on: “We help you register, get your buyer number, and guide you through the process. We’re there to make sure you feel confident, not confused.”


💬 Final thoughts?

“If you’ve never financed through an auction, don’t stress. We’re here to walk you through everything. And if you’re already a savvy buyer—come get a better deal with us.”


📲 Ready to Bid with Confidence?

Pre-approval is just a few steps away. Contact Nicol Palmer today:
📞 +27 61 521 7518
📧 nicol@auctionfinance.co.za
🌐 www.auctionfinance.co.za

Auth. FSP34936
View auction details: https://tinyurl.com/6ybjr4w4


👉 Eastern Cape buyers: Join our WhatsApp group for bank, fleet & commercial auction updates! Join here





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